sebi:CFD/RHL/AO/SBM-VB/EAD-3/CO-03/2015
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Facts / Headnote
Settlement order disposing of pending adjudication proceedings against the noticee on payment of settlement charges of Rs. 3,06,000/-
Provisions invoked
- s. 15A
Regulations
- Reg. 3
- Reg. 17
- Reg. 15
Parties
- M/s RHC Holding Private Limited
Holding
The adjudication proceedings initiated against the noticee for alleged failure to comply with provisions making it liable under Section 15A(b) of the SEBI Act are disposed of pursuant to a settlement in terms of Regulation 15(1) of the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014, on payment of Rs. 3,06,000/-.
Full text
Page 2 of 3 alleged failure on the part of the noticee to comply with the said provisions made the Noticee liable for a monetary penalty under Section 15A(b) of the SEBI Act.
Page 3 of 3 7. In view of the above, it is hereby ordered in terms of Regulation 15 (1) of SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 that: i. this settlement order disposes of the said adjudication proceedings initiated against the noticee as mentioned in paras 1 and 2 above and ii. passing of this order is without prejudice to the right of SEBI to take enforcement actions including commencing / re-opening of the pending proceedings against the noticee, if SEBI finds that: a. Any representations made by the noticee in the settlement proceedings are subsequently discovered to be untrue. b. The noticee has breached any of the clauses / conditions of undertakings / waivers filed during the current settlement proceedings.
3. Pending adjudication proceedings, the noticee submitted an application vide no. 2873/2014 dated August 28,2014 (which was received by SEBI on September 03, 2014) and an undertaking in the format prescribed by SEBI for settlement in the matter in terms of Regulations 3 (1) and 3 (2) of SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014.
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Source: SecMarx — sebi:CFD/RHL/AO/SBM-VB/EAD-3/CO-03/2015. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.